ARCHIVED BLOG POSTS

2007 

 If you are in a situation where you owe more then the property is worth, and you rate is jumping exponentially , and your income is staying the same......what can you do?No lenders that I have seen as of yet, are announcing any new product that will address this very looming crisis. The handful ...
08/29/2007
If so, they are on a targeted list of people that your good old credit bureau is using to sell that credit report to another hungry loan officer. I have heard countless complaints individuals where this is happening as soon as you run credit. Loan officers will call your client and tell them they...
08/28/2007
Consumer confidence took its biggest hit today in two years due to the looming crisis in the financial markets. This caused the 10year bond to rally (which is tied directly to mortgage interest rates), and will put increased pressure on Fed Chairman Bernanke to lower interest rates on September 1...
08/28/2007
It seems in this transitionary time in the market, countless loan officers are leaving the business because of the slowing times. I have been challenged in my firm to find the talent out there, which I do know exists. From Hotjobs to Craigslist to Monster.com. Granted, I have had interviews, howe...
08/27/2007
With all of the focus on the subprime meltdown, countless brokerage firms are going out of business, and looking for new lines of work. Many opnions are strong in that fannie and freddie, combined with FHA, will be the only business out there in a shrinking mortgage market. The secondary market i...
08/27/2007
Rainer
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